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Batteries part of the recently approved Spanish Energy Storage Strategy

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Last week, the Spanish government approved the energy storage strategy, targeting some 20 GW of storage capacity in 2030 and reaching 30 GW by 2050 from today’s 8.3 GW. In this storage strategy, Spain quantified its storage needs in line with its decarbonisation targets established in the national energy and climate plan (NECP), which sets […]

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Spanish battery consortium unveiled to accelerate green economic recovery

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Major Spanish industrial companies announced yesterday the creation of the Battchain consortium formed to respond to increasing demand for batteries. Battchain aims to accelerate Europe’s green economic recovery by expanding Spain’s battery value chain across raw materials extracting through battery recycling. The consortium will seek investment of €1.2 billion to deploy its industrial projects mainly

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World’s biggest battery project to date to be implemented in Australia

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Renewable energy fund CEP.Energy announced its plan to install a 1200MW battery in New South Wales, Australia, the largest grid-scale battery project ever intended worldwide. It is difficult to stay on top of the list of the world’s largest battery installations! We have been reporting a number of times on large-scale batteries for grid applications,

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Bombardier (now Alstom) to replace diesel engines by Li-ion batteries on AGC trains

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As highlighted by French and international press last week, the French National Railways SNCF takes a big step toward removing fossil fuel as an energy source for its fleet of AGC trains. The fleet consists of 700 trainsets and a large part is either diesel or diesel-electric powered. As an initial step, five trainsets will

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SK Innovation’s announcement confirms Europe’s position as the global hotspot for the battery industry

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Last week, at the launch of the second IPCEI on batteries, Vice-President Šefčovič declared Europe a global hotspot for battery investments as a result of the actions under the European Battery Alliance. In his statement, he enforced that by 2025 Europe should be manufacturing enough battery cells each year to power at least six million

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FREYR to list on NYSE

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As yet another sign of the growing European battery industry, FREYR A/S announced last week that it will become a publicly listed company on the New York Stock Exchange through a business combination with Alussa Energy Acquisition Corp. FREYR’s mission is to accelerate the decarbonisation of transportation and energy systems by delivering the world’s cleanest

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Finland to follow up EU’s Strategic Action Plan for Batteries

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After the launch of the Swedish battery strategy in December, it is now Finland releasing its national ambitions related to batteries. The Finnish Battery Strategy was launched yesterday with the aim to strengthen Finland’s position as a pioneer in sustainable battery manufacturing and recycling. Hungary is next in line and is expected to release its

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Launch of EBA250 - European Battery Alliance

EU approves €2.9 billion state aid for a second Pan-European research and innovation project along the entire battery value chain

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Another milestone for the European Battery Alliance –  The European Commission approved today €2.9 billion public support by twelve Member States for a second Important Project of Common European Interest (IPCEI) to support research and innovation in all segments of the battery value chain. The project, called “European Battery Innovation (EuBatIn)” was notified jointly by

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